Sanova Dermatology

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Sanova Dermatology - overview

Established

2012

Location

Austin, TX-Texas, US

Primary Industry

Healthcare

About

Sanova Dermatology provides comprehensive medical, surgical, and cosmetic dermatological services, focusing on skin health and aesthetic enhancement through advanced treatments and technologies. Sanova Dermatology, founded in 2012 and headquartered in Austin, US, specializes in dermatological care. The company underwent a significant change in ownership in May 2018 when Spindletop Capital acquired it. Scott Burns serves as the CEO, leading the company through its strategic developments.


The firm operates several locations including Houston, Austin, Metairie, and New Orleans, serving clients across Texas and Louisiana. Sanova Dermatology specializes in a comprehensive range of medical, surgical, and cosmetic dermatological services designed to address various skin conditions and enhance aesthetic appearance. Their core offerings include state-of-the-art skin cancer detection and treatment, particularly through Mohs surgery, a meticulous technique for removing cancerous skin while preserving healthy tissue. Additionally, the practice provides solutions for common skin conditions such as acne, eczema, psoriasis, and dermatitis, utilizing advanced technologies such as laser therapies and injectables.


The company also caters to cosmetic needs with services like dermal fillers, laser skin rejuvenation, and body contouring treatments, appealing to a diverse clientele that values both health and cosmetic enhancements. Sanova Dermatology operates in several geographical markets including Texas and Louisiana, with multiple locations including Houston, Austin, Metairie, and New Orleans. Sanova Dermatology generates revenue through a combination of direct-to-consumer and insurance-covered services. The transaction structure primarily involves patient consultations and treatments billed on a fee-for-service basis, allowing for flexibility in service delivery.


The company offers both one-time treatments and subscription-like services for ongoing skincare regimens, which can include annual skin checks and follow-up treatments for chronic conditions. Flagship services such as Mohs surgery and cosmetic injectables are integral to their revenue model, attracting a wide range of patients seeking both medical and aesthetic care. Customers typically pay for services at the point of treatment, with some procedures being covered by health insurance plans, thus facilitating a diverse revenue stream from various patient demographics. In May 2018, Spindletop Capital acquired Sanova Dermatology.


The company is focusing on expanding its service offerings and entering new regional markets. Plans include the launch of innovative dermatological products and services aimed at enhancing patient care in the coming years. Specific markets targeted for expansion have not been disclosed, but strategic growth initiatives are being developed to leverage recent funding.


Current Investors

Spindletop Capital

Primary Industry

Healthcare

Sub Industries

Healthcare

Website

www.sanovadermatology.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Sanova Dermatology - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedSanova Dermatology-

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